Cadence Selected by MIET to Ramp Up Russian Startup Ecosystem; Moscow Institute of Electronic Technology Inaugurates Design Center to Develop and Fuel the Russian Electronics Industry.

BRACKNELL, England & MOSCOW -- Cadence Design Systems, Ltd. (NASDAQ:CDNS) today announced that the Moscow Institute of Electronic Technology (MIET) selected Cadence(R) as the sole provider of design technologies to help MIET develop the Russian electronics industry and provide local startup companies better access to the global industry. A broad range of Cadence technology -- including the VCAD (virtual integrated CAD) service model and Cadence kits -- will be deployed in a new project called "Inspire the Russian Innovation System," or IRIS.

The concept behind IRIS is to support the development of innovative startups in the field of microelectronics. MIET chose Cadence largely because of Cadence's flexible VCAD service model, which provides designers access to a broad range of Cadence resources and expertise and allows them to leverage Cadence's relationships with leading silicon design chain partners. Cadence technologies, reference flows and kits provide leading-edge design methodologies which enable companies to produce advanced microelectronic technologies and products.

"Cadence is the best choice for design tools and services to help us to develop the Russian market of components and electronic designs to support the development of our startup centers," said professor Y.A. Chaplygin, corresponding member of Russian Academy of Sciences. "Cadence's VCAD model not only gives us access to leading-edge technology but also enables us to educate and qualify designers and support the community with marketing and business process expertise. The access to global partners participating in the Russian market also is very important for us."

"We are very excited to take part in the IRIS project," said Wolf-Ekkehard Matzke, fellow at Cadence Design Systems. "Flexible access to proven expertise is pivotal to bridge the knowledge-gap between EDA technology and design challenges. Russia's potential is high based on its young, talented, and scientifically well-educated engineering community. The IRIS concept is an excellent way to foster the ecosystem required to release this potential."

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, printed-circuit boards and systems used in consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2004 revenues of approximately $1.2 billion, and has approximately 5,000 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

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